S T A T E O F N E W Y O R K
________________________________________________________________________
2702
2009-2010 Regular Sessions
I N S E N A T E
February 26, 2009
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Introduced by Sens. AUBERTINE, KLEIN, ONORATO, SAMPSON, SAVINO -- read
twice and ordered printed, and when printed to be committed to the
Committee on Investigations and Government Operations
AN ACT to amend the tax law, in relation to credits against tax
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 8 of subsection (n) of section 606 of the tax
law, as amended by section 3 of part K of chapter 62 of the laws of
2006, is amended to read as follows:
(8) Special rules. For purposes of this subsection, the term "federal
gross income from farming" shall include gross income from the
production of maple syrup, cider, Christmas trees derived from a managed
Christmas tree operation whether dug for transplanting or cut from the
stump, or from a commercial horse boarding operation as defined in
subdivision thirteen of section three hundred one of the agriculture and
markets law, or from the sale of wine from a licensed farm winery as
provided for in article six of the alcoholic beverage control law. IN
ADDITION TO SCHOOL DISTRICT PROPERTY TAXES THE PROVISIONS OF THIS
SUBSECTION SHALL ALSO APPLY TO GENERAL PROPERTY TAXES LEVIED BY A MUNIC-
IPAL TAXING DISTRICT AND A CREDIT ALLOWED BY THIS SUBSECTION SHALL ALSO
APPLY TO SUCH TAXES.
S 2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law and shall apply to all
taxable years thereafter.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05240-01-9